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Exobox Updates 10K Status
November 03, 2009 -- HOUSTON, BUSINESS WIRE --
Today Exobox Technologies Corp. (OTCBB:EXBX) (the 'Company') announced that it will file its Form 10K Annual Report with the SEC by the end of next week. For the first time in company history, Exobox did not timely file its 10K Annual Report last Thursday. New CEO, Richard Kampa, stated, 'One of my first acts as CEO was to determine how this happened and take steps to insure it never happens again. My investigation revealed that on Wednesday, October 28, 2009, the Company timely sent a proper request for an extension to file its 10K by November 13, 2009, to Albeck Financial Services, Inc., its outside accounting firm that handles all SEC filings on EDGAR. Regrettably, Albeck never filed it as promised.' Albeck's CEO Christy Albeck stated, 'It wasn't Exobox's fault. We simply dropped the ball.' Further stated CEO Richard J. Kampa, 'When the Form 10K is filed in the next few days, our attorneys advise us that the 'E' should promptly be removed from the Company's trading symbol. This is my number one priority.'
About Exobox
Exobox Technologies Corp. develops information risk management and security solutions that help organizations protect and recover their most valuable information assets. It is committed to its vision to create a more secure environment for the information-centric community through the development of new technologies and security services. Exobox is headquartered in Houston, Texas. For more information on Exobox, visit www.exobox.com.
Cautionary Statement Relating to Forward-Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995. The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding and others set forth in the Company's report on Form 10-K for fiscal year 2008 filed with the Securities and Exchange Commission.